27.10.2015 - Gold price: Hedge funds push bullish bets to 8-month high
On Monday, gold consolidated some of its recent gains ahead of a crucial US Federal Reserve decision on interest rates this week. On the Comex market in New York, gold futures with December delivery dates were largely unchanged at $1,164.10, up $1.40 compared to Friday's close in quiet and cautious trade. Gold remains up some 5% from where it was trading before the US Federal Reserve at its September meeting decided not to lift rates from near-zero, where it has been since the global financial crisis. October 15 gold hit its highest level since June 22, amid fresh indications that a limp US economy may push the first rate hike in nine years further into the future...............................................Full Article: Source
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